Fenbushi Capital

Fenbushi Capital stands as a foundational and highly influential venture capital firm within the global blockchain ecosystem, particularly recognized for its pioneering role in Asia. Established in 2015 by Bo Shen, with early involvement from Ethereum co-founder Vitalik Buterin as a General Partner (later transitioning to an advisor), Fenbushi was among the very first venture funds globally to dedicate its focus exclusively to blockchain technology. Headquartered in Shanghai, the firm quickly positioned itself at the forefront of the burgeoning decentralized web movement, investing in foundational infrastructure and disruptive applications.

The firm's investment thesis centers on identifying and nurturing innovative projects across the entire blockchain spectrum. This includes core infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), Web3 applications, and other emerging technologies that leverage distributed ledgers. Fenbushi Capital typically targets early-stage companies, from seed rounds through Series A, often acting as a lead or significant co-investor. Their strategic support extends beyond capital, offering portfolio companies deep industry expertise, network access, and guidance in navigating the complex regulatory and technological landscape of the blockchain space.

Fenbushi Capital has demonstrated significant scaling of its investment capacity over the years. Following earlier funds, the firm notably announced the close of its third fund, Fenbushi Capital III, in 2022, securing an impressive $200 million dedicated to Web3 and blockchain investments. This substantial capital pool underscores their continued commitment to the sector and enables them to make meaningful investments in high-potential ventures globally. Their portfolio boasts a diverse range of successful projects that have become cornerstones of the blockchain industry, reflecting their astute investment strategy and long-term vision.

With a track record spanning nearly a decade since its inception in 2015, Fenbushi Capital has played a pivotal role in shaping the blockchain industry's development. Their consistent investment in groundbreaking technologies and their strategic support for founders have solidified their reputation as a key player. The firm's ability to raise a $200 million fund in a competitive market further highlights investor confidence in their expertise and their capacity to identify and back the next generation of blockchain leaders.